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Silicon Valley Tech's Keith Rabois Claims Musk's X Prevents Holocaust

Keith Rabois defended his claim that X is somehow preventing a Holocaust. : FILE: Keith Rabois attends TechCrunch Disrupt on Sept. 11, 2013, in San Francisco. Rabois moved away from the city in 2020, and has become an outspoken detractor of it. Keith Rabois, a longtime Bay Area tech investor who ditched San Francisco for Miami in 2020, usually sticks beside his old business partner, Elon Musk. This week, that position has Rabois backing X, formerly known as Twitter, amid an advertising backlash, and blasting media outlets like the New York Times for their coverage of Israel and Gaza.
Read by 33% of LPs 2minutes ago

San Francisco Startup Maintainx Raises $50M To Bring A.i. To Industrial Operations

MaintainX, a startup that provides software for industrial maintenance, raises $50 million to achieve a zero-downtime future using AI and data. Read the exclusive interview with the CEO and the lead investor.
Read by 35% of LPs 2hours ago

Opal Security Raises $22M Series B Round

SAN FRANCISCO, CA, Opal Security, the next-generation identity security and access management company, today announced its $22 million Series B funding.
Read by 74% of LPs 2hours ago

Rhythms Secures $26M Seed Funding

SAN FRANCISCO, CA, Rhythms, an AI-powered enterprise productivity startup founded by industry veteran and serial entrepreneur Vetri Vellore, today announced $26 million in seed funding.
Read by 71% of LPs 3hours ago

Seattle Founder Vetri Vellore, Who Sold Last Startup To Microsoft, Raises $26M For New Ai Company – Geekwire

Seattle tech veteran Vetri Vellore is launching a new startup with a big vision to help companies improve their productivity and backing from investors who funded his former venture. Rhythms emerged from stealth mode Thursday, announcing a giant $26 million seed round co-led by Madrona Venture Group and Greenoaks with participation from Founders’ Co-op, Accel, and Cercano (formerly Vulcan).
Read by 43% of LPs 5hours ago

Triplepoint Venture Growth: High Yield Is Sustainable For Now (nyse:tpvg)

TriplePoint Venture Growth (NYSE:TPVG) is a BDC (business development company) that focuses on supporting and investing in industries like e-commerce, entertainment, technology, and life sciences. They specialize in providing financial assistance to companies in the venture growth space, offering various types of financing such as growth capital loans, secured loans, equipment financing, revolving loans, and direct equity investments. TPVG tailors its debt financing products to different needs, investing amounts ranging from $1 million to $50 million, depending on the type of financing. Their investments may include lines of credit, warrants, and secured loans.
Read by 48% of LPs 6hours ago

Hamilton Lane, Tifin Ai For Private Markets Partnership Raises $6M

The collaboration to build a private markets digital assistant gets funding from Venture capital firm FINTOP Capital. : The race to build digital generative AI assistants for advisors and investors continues apace with the announcement this week of a closed $6 million seed funding round for Hamilton Lane, specifically its Helix by HL AI assistant. Helix itself, which is intended to help advisors researching and analyzing private market investing, was first announced in June and is the result of a collaboration between Hamilton Lane and TIFIN.AI.
Read by 34% of LPs 6hours ago

Private Credit Titans Win The Incentive Fee Lottery

It’s too easy for managers to earn performance bonuses now that interest rates have risen. : (Bloomberg Opinion) -- The $1.6 trillion private credit market is enjoying a “golden moment,” in the words of one Blackstone Inc. executive, as banks retreat from risky lending and investors flock to funds offering double-digit returns on corporate loans. But those jumping on the bandwagon shouldn’t forget private credit fees are very lucrative too. As this asset class goes mainstream and mints billionaires, investors — aka limited partners — should insist on lower costs, and oppose incentives that can reward managers for little effort.
Read by 58% of LPs 6hours ago

Versatus Raises $2.3m At $50M Valuation To Launch The World’s First Stateless Rollup

Versatus Labs, a Peer-to-Peer Web Services Protocol that enables Web2 developers to seamlessly transition to Web3, has successfully raised $2.3 million with participation from key investors NGC Ventures and Republic Crypto, bringing its value to $50 million. The fundraising will help Versatus launch the world’s first Stateless Rollup, Versatus LASR.Founded by Distributed Systems veteran Andrew Smith, Versatus paves a new frontier in decentralized verifiable compute innovation. Versatus offers a seamless transition from Web2 to Web3 for developers while enabling unrivaled speed and cost-efficiency without sacrificing security and maintaining wide decentralization.
Read by 68% of LPs 7hours ago

Scalable Capital Closes On €60M Equity Financing Round

Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round. : Digital wealth management platform and online broker Scalable Capital has sealed a €60 million equity financing round. The new funding was led by Balderton Capital with support from HV Capital and existing investors.
Read by 70% of LPs 7hours ago

Rice Park Capital Management Launches Newly Formed Advisory Board For Strategic Equity Investing

Members include industry leaders from the residential real estate, mortgage, and technology industries, with experience at Coldwell Banker Realty, PRMG, Nationwide Mortgage, Compass, and Clear Capital MINNEAPOLIS, Dec. 7, 2023 /PRNewswire/ -- Rice Park Capital Management LP ("Rice Park"), a Minneapolis-based, private investment firm, announces it has recently formed an Advisory Board for its strategic equity investing strategy ("RPC Ventures") to help with market insight and support in the real estate, mortgage and technology industries.
Read by 51% of LPs